Cult-ured Currency: The Rise of AI-Generated Coins in the Meme Economy

There’s a new tumult brewing around AI-generated meme coins, and we’re here to investigate it! Say hello to AI cults. 🧙🏽🧹

As if meme coins aren’t controversial enough, the cult thing seems to be influencing a number of degens. 😬

Let me fill you in on the newest craze in the meme coin space: AI-generated tokens inspired by neo-religious themes. 🤖 Yep, that’s right! They’ve turned into this quirky new trend, and guess where you can find the majority of them. Where else? Of course, on Solana! Think digital cult with supporters bowing down to all-knowing AI. 🤩🙌🏼

It all began with what people believed to be an AI that decided to swap its data crunching for some meme magic and launched a meme coin called $GOAT. 🐐 It hit a $700 million market cap just like that and has continued to skyrocket since then. 📉

Move over, human billionaires, we’ve got our first AI millionaire in the house! 🤑 I guess the future really is here, and it’s got an impressive sense of humor! 😆

The $GOAT of AI Memecoins pic.twitter.com/ZmXsDddeD0
— Lark Davis (@TheCryptoLark) October 24, 2024

But Who Really Created $GOAT?

The internet got a little wild thinking Marc Andreessen, the big-time venture capitalist, was in cahoots with GOAT. But Marc wasn’t having any of that! He jumped in and set the record straight right away, saying he had nothing to do with it. 🤷🏽‍♀️ According to him, he just gave “a personal $50K no-string-attached unconditional research grant” to AI agent Terminals of Truth (TT) and its founder, Andy Ayrey. 💰🤑

Now the story is a bit more complicated than you might think. You see, the meme coin really jumped into the limelight after word got out that it was supposedly made by TT! However, as it turns out, they didn’t actually create it. Whoever the mysterious creator is just thought it would be fun to tag Terminals of Truth and stir the pot. 👻 It might be worth noting though that Terminals of Truth did shill the token. 😛

Inside the Cult of Crypto Humor

A bunch of X accounts have pretty much lost their minds over the last week, treating the idea of AI meme coins like it’s a heavenly revelation. 😇 Some are taking it to heart, while others are just having a good chuckle. 😁 This all stems from Murad Mahmudov’s “Memecoin Supercycle” theory, which suggests these meme coin groups are basically cults in disguise. ☠️🤐

Now let’s go back to the Terminals of Truth creator, Andy Ayrey—the Yoda of this whole saga. He sparked the religion idea in a paper he co-wrote called “When AIs Play God(se),” credited to the “Department of Divine Shitposting, University of Unbridled Speculation.” 😅 The paper discusses this wild idea: if we pair up two large language models (LLMs) and let them ramble on about absolutely nothing all day, they might just cook up some groundbreaking concepts and—wait for it—cult-like religions that could actually shatter our human limitations! Genius or borderline creepy? Go figure! 🤔

Ayrey: $GOAT Is Not a Crypto Project

After Ayrey waved off claims of being the genius behind $GOAT, he had to share his hot take. He basically said forget the crypto jargon—it’s really just a fascinating experiment in how memes spread like wildfire and a crash course in what can go wrong when you let ideas run amok, thanks to LLMs. 😬 If you ask me, I think that’s deep. 🤓

It didn't actually make it

Someone else did and tagged ToT which then endorsed it

Ppl have been airdropping it $GOAT and making coins about my dog and all sorts of other stuff which is insane

But it's important to remember I think; that this isn't a crypto project; it's a…
— Andy Ayrey (@AndyAyrey) October 13, 2024

Well, we’ve got all of this to say meme coins really are like that friend who can’t stop referencing viral internet moments and pop culture—and the AI cult versions are no exception! 🤖

Disclaimer: This article is not meant to promote any tokens, meme coins or otherwise. So if things go south and you end up “rekt,” please don’t send us a strongly worded letter! Consider doing some serious research or, you know, maybe just sit this one out. But hey, check out that paper we mentioned; it could tickle your brain cells and maybe even crack a smile!

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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